1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Veseljchak [2.6K]
2 years ago
7

A real estate company owns 120 apartments which are fully occupied when the rent is $650 per month. Analytics indicate that for

each $25 increase in rent, 4 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income

Business
2 answers:
chubhunter [2.5K]2 years ago
6 0

Answer:

The rent that should be charged to maximize gross icome is $700.

Explanation:

The rent can be increased by $25 steps.

The rent equation can be written as,

Rent = 650 + 25x

The Apartments occupied will fall by 4 apartments everytime the rent is increased by $25.

The apartment occupancy equation can be written as,

Apparment occuoancy = 120 - 4x

Where, x is the number of times the rent is increased by $25.

The revenue will be,

Revenue = Rent * No of apartments occupied

Revenue = (650 + 25x) * (120 - 4x)

Solving the equation we get quadratic equation,

Revenue = 78000 - 2600x + 3000x - 100x²

0 = 78000 + 400x - 100x²

As we need the change, we need to take the derivative of this equation.

d/dx = 0 + 1 * 400x° - 2 * 100x

400 - 200x = 0

400 = 200x

400 / 200 = x

x = 2

Thus, the rent that should be charged to amximize gross income is,

Rent = 650 + 25 * (2)  = $700 per apartment

The revenue at this rent will be,

Revenue = 700 * [120 - 4 * (2)] = $78400

Free_Kalibri [48]2 years ago
6 0

Answer:

Check the explanation

Explanation:

This is a question under Calculus <em><u>(which is another segment of mathematics and it is utilized for understanding the changes between values that are related by a function.  Calculus is used in a lot of diverse fields of study such as astronomy, physics, biology, economics, medicine, engineering and sociology).</u></em>

The step by step solution to the above question can be seen in the attached image below:

You might be interested in
Chris can be paid in one of two ways. plan a is a salary of ​$360 per​ month, plus a commission of 9​% of sales. plan b is a sal
vfiekz [6]

The correct answer is any amount higher than $5,400.

First, you need to solve the break even point of sales when Chris will earn the exact same amount by plan a or plan b. The following equation will solve this problem, with x being the amount of sales.

$360 + .09x = $630 + .04x

First, subtract .04x from both sides:

$360 +.05x = $630

Next, subtract $360 from both sides:

.05x = $270

Finally, divide both sides by .05:

X = $5,400

At $5,400 Chris will earn the same about of pay, regardless of which plan they are on. Since the commission percentage is higher on plan a, Chris is better off having plan a when sales are higher than $5,400. At this point Chris is earning 9% commission, rather than 4% in plan b.

6 0
3 years ago
Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Wesernaunt for each of thes
levacccp [35]

Answer and Explanation:

The classification is as follows

1.  Since it is a salary for the repair technicians so it would be an expense that is incurred

2. The remodeling should be capitalized and depreciated over their useful life of an asset

3, Since there is an annual maintenance cost, so it would be an expense that is incurred

4. The improvement of the line of production should be capitalized and depreciated over their useful life of an asset

5. Addition of a sprinkler system  should be capitalized and depreciated over their useful life of an asset

8 0
3 years ago
. jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. how m
anzhelika [568]

Jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. 6.667 lbs. of ground beef should be purchased.

Jarrell should purchase 7 lbs of ground beef.

Number of attendees = 20

Fraction of burger per person = 1/3 lbs

Total fraction of burger required to feed 20 persons :

Number of attendees × fraction per person

20 × 1/3 = 6.667.

Grilling is a cooking method that applies dry heat to the surface of food, usually from the top, bottom, or sides. Grills typically use large amounts of direct radiant heat and are typically used to quickly cook meat and vegetables.

Almost all types of grilling on gas and/or charcoal grills can be divided into three cooking methods: direct, indirect, or combination. As the name suggests, method differences are determined as follows.

Learn more about grilling at

brainly.com/question/13973768

#SPJ4

7 0
1 year ago
Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met
Studentka2010 [4]

Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met, common shareholders are known as Residual owners.

<h3>What does Shareholders means?</h3>

A shareholder (in the US frequently alluded to as investor) of a company is an individual or legitimate substance.

A body politic, a trust or organization) that is enlisted by the partnership as the lawful proprietor of portions of the offer capital of a public or confidential partnership. The impact of a shareholder on the not entirely set in stone by the shareholding rate claimed. Shareholders of a company are legitimately isolated from the actual enterprise.

They are for the most part not at risk for the organization's obligations, and the shareholders' responsibility for organization obligations is supposed to be restricted to the neglected offer cost except if a shareholder has offered ensures. The company isn't expected to record the helpful responsibility for shareholding, just the proprietor as recorded on the register.

Therefore Shareholders might have procured their portions in the essential market by buying into the Initial public offerings.

Learn more about Shareholder here:

brainly.com/question/19054394

#SPJ4

8 0
1 year ago
If a company states in its advertisements that 10 percent of all profits go to planting trees in various parts of the​ world, th
Korolek [52]

Answer:

C. GREEN MARKETING

Explanation:

Green Marketing is marketing of products proclaimed as environmentally safe. This marketing incorporates many important P's of Marketing : Product ('<em>green' p</em>roduction process), Packaging (eg: biodegradable).

This type of marketing can also includes  'Corporate Social Responsibility' , investment in environmental upgradation as is the case in the question.

Value Proposition is statement to consumers' convincing their product distinctive worthiness. Brandfest is prospecting consumers collecting event , eg- exhibition. Branded Content is marketing through creation & dissemination of content . None of these three are related to it.

3 0
3 years ago
Other questions:
  • One basic difference between partnership and agency law is that: a. in a partnership, partners are not deemed to be agents of th
    11·1 answer
  • Which payment method typically charges the highest interest rate
    10·1 answer
  • One party is prohibited from disclosing confidential information, technologies, or processes utilized by the other party during
    7·2 answers
  • The following account balances were listed on the trial balance of Edgar Company at the end of the period: Account Balance Accou
    12·1 answer
  • You can buy certain supplies in the European Union or in South Africa. For the moment, ignore other factors that can affect pric
    8·1 answer
  • Big Red Company, a manufacturer of computer hardware components, uses direct labor cost to allocate its production overhead. In
    6·1 answer
  • On December 31, 2008, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ab
    13·1 answer
  • g ABC common stock is expected to have extraordinary growth in earnings and dividends of 21% per year for 2 years, after which t
    7·1 answer
  • A certificate of deposit pays a higher interest rate than a savings account because the money is
    11·1 answer
  • Which statement best describes how the Fed responds to recessions?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!